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CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 53

Validation of quotation of OTN

             (1)  If:

                     (a)  a person (the OTN holder ) has purported to quote a number as the OTN holder's OTN to a natural gas supplier in relation to the supply of natural gas; and

                     (b)  the purported quotation was due to an honest mistake; and

                     (c)  the Regulator is satisfied that it would be reasonable to validate the quotation;

the Regulator may, by writing, determine that this Act (other than this section) has, and is taken always to have had, effect as if the OTN holder had quoted the OTN holder's OTN in relation to the supply.

             (2)  The Regulator must give a copy of the determination to:

                     (a)  the OTN holder; and

                     (b)  the natural gas supplier.

             (3)  A determination made under subsection (1) is not a legislative instrument.



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